TAQA Strategy

TAQA aims to offer differentiated, competitive products and solutions to Energy Industry, generating sustainable value.

Our strategy, launched in 2021, is focused on profitable, sustainable growth that would bring the utmost value to our stakeholders, shareholders, customers, and people. Our strategy is structured around three pillars: Business Growth, Differentiation (Innovation & Digital) and Transitioning into a Sustainable Future.

Business Growth

We are focused on profitable, sustainable growth, which we will achieve by expanding our portfolio of well services, technologies and geographic footprint, organically and inorganically.

Differentiation Enablers

TAQA will continue developing new technologies and solutions that deliver returns and create value for our customers and people through its Centres of Excellence. Our strategy is built around strengthening the company’s innovation culture, tools and talents. TAQA plans to expand its innovation capabilities by constructing its Innovation Center in Dhahran Techno Valley; this center will be the hub for managing TAQA’s AI and analytics programs.

Transitioning into a Sustainable Future

As part of its transition into a Sustainable Future, TAQA’s strategy is focused on enhancing ESG and enabling new business models. TAQA will leverage energy transition opportunities and address climate change risks. Apart from working consistently to reduce our carbon footprint, we will lead the way in Geothermal Energy Exploration and CCUS. We will reinforce our commitment to ESG by creating opportunities in the communities we operate in and for our people.

Since the launch of our strategy, key strategic objectives have been realized through portfolio optimization actions, expanding our well services offering through the acquisition of key technology companies, the award of major contracts and expanding globally. We have also formed strategic alliances with companies that would enable our Energy transition plans